https://kenyaloans.com/Static archivehttps://kenyaloans.com/loan-application-forms/https://kenyaloans.com/loan-application-forms/Thu, 17 Apr 2014 17:35:37 +0000Kenya Loans was set up to make loan products more accessible to Kenyans. We provide a fast, secure and confidential way of finding loans without being charged high interest rates. It is our mission to provide information on loans in Kenya at lower interest rates that are affordable to every borrower. And we now have online loan application forms ! How it works We have recently established more partnerships with lending institutions in Kenya and can now confidently invite you to fill in our online loan application forms. Once we receive your application we will forward it to the best matched lending institution. Applying for loans online has the following benefits: It is safe, secure and confidential We process loan applications quickly and forward you to suitable lenders as fast as possible You avoid the hassle of making an appointment with anyone and travelling to meet them until you are sure that you actually qualify for the loan Appyling takes a few minutes at most Loan Application Forms Business Loan Application Civil servant loan application Car logbook loan application Secured loan application Unsecured personal loan application Our priority is to get you money when you need it the most. We offer a service that is extremely easy to use. By partnering with lenders, we are able to direct you to the best possible products that fit your situation perfectly. We believe that when times are tough and you need financial help, the last thing you should do is worry about where to find your loan.https://kenyaloans.com/check-off-loans/https://kenyaloans.com/check-off-loans/Thu, 17 Jan 2013 07:42:24 +0000What are "check off" loans? These are loans made available to employees whose employers have signed an agreement with a lending institution to allow their employees to take loans. The employer will then process and remit the loan repayments directly to the lending institution. Benefits of check off loans : These loans typically do not require any security Usually processed very quickly In the case of banks, they are one of the few ways to get a loan from a bank without opening an account with them In some cases the repayment terms are more flexible than most other loan types What is in it for the employer? When an employer offers this type of loan to employees, it is a benefit, or a perk, for employees. Basically, like in any other business, employers only give bonuses if it will benefit the employer. Employers often use facilities such as "check off loans" to attract new recruits or motivate current staff to stay with the employer. It is purely a business decision. You can apply for a check off loan through us below: Apply for Personal Unsecured Loanhttps://kenyaloans.com/online-loan/https://kenyaloans.com/online-loan/Mon, 31 Dec 2012 09:16:16 +0000An online loan is the kind of loan available to clients who are suitable for borrowing online. The application, verification and loan repayments are made online through agreed upon means of payments, terms and conditions. Examples of online loans in Kenya Kenya Loans You can apply for the following loans online, right now, right here: Car logbook loan Civil servant loan Secured personal loan Unsecured personal loan Zawadi Kenya Is the premier online provider of same-day cash advances in Kenya. Their fast, convenient services has helped thousands of Kenyans bridge the gap between pay-days from the comfort and privacy of home or office. Zawadi Kenya provides citizens with the peace of mind they can only get from the most secure and adequate funding solutions. It has the following features : Zawadi Kenya provides fast and convenient online cash advance services to customers all across Kenya. Same-day Funding — Receive approval by 3 pm Monday through Friday and receive your money the same day at no extra charge Fast Approval — It takes just 2 minutes to apply and you’ll receive approval within 2 hours Easy Online — Application Apply online from the comfort and privacy of home and there are no queues. Zawadi advantage — Save up to 30% off every loan with our exclusive Zawadi plus Member Program Higher Education Loans Board The Kenya Higher Education Loans Board (HELB) whole loan application process is done online. So, it is not possible to download a form, fill it of-line and then drop it to their offices. Successful applicants will have their accounts credited before the beginning of each semester. Students are advised to open accounts with any of the following collaborating banks: Equity Bank Kenya Commercial Bank Cooperative Bank of Kenya National Bank of Kenya Kenya Post Office Savings Bank (Postbank)https://kenyaloans.com/loans-for-business/https://kenyaloans.com/loans-for-business/Sat, 29 Dec 2012 09:14:07 +0000Loans for business are the loans used for starting up various different businesses in Kenya. Loans for business can be acquired from different banks here in Kenya and also from different Micro finance institutions that offer loans for business start up. Apply for a Business Loan Examples of loans for businesses in Kenya In Kenya we have various different loans for business in Kenya and I have discussed them as follows: KCB small scale enterprise loan. The Small scale enterprise loan is targeted at small businesses that are unable to borrow, primarily due to lack of tangible security. If your business assets do not exceed 5million and have maintained good business account for at least 6 months, then you are eligible for this loan facility. You can use the loan for expansion or machinery or use it to boost your working capital. Equity Bank business loans This loan is available to SME’s operating in Transport, Trade and Commerce, Construction, Manufacturing, Education, Health & other services sector. Benefits Both customers and non customer can qualify for the Business loans. Flexible repayments period up to 60 months. Minimum of KS 1,000,000 and a Maximum of KS 50,000,000. No guarantors required unless borrower is a limited Company.https://kenyaloans.com/business-loan/https://kenyaloans.com/business-loan/Fri, 28 Dec 2012 08:12:18 +0000A business loan is a working capital loan designed to facilitate business growth, expansion and the upgrade of ones business depending on needs arising in the business. A business loan can be obtained from different banks and other micro- finance institutions and it also has payment rates and grace periods as any other loans. Apply for a Business Loan Examples of Business loans in Kenya Faulu Kenya Business loans a. Mkopo Biashara This is a business working capital loan designed to facilitate your growth, expansion and the upgrade of your business. Benefits Grace period Interest reduction for customers with good repayment history Top-up facility available Convenient repayment plan Loan amounts from as little as KS 1,000 Daraja 1 KS 20,000 Up to 12 Months Daraja 2 KS 200, 000 Up to 24 Months Daraja 3 KS 5,000,000 Up to 60 Months b. SME Loan Business Loans of up to Ks 50M for individuals and businesses that can be used for Working Capital : To expand your business and provide capital for your operations. LPO financing: To provide your business with short term financing to undertake tender awarded projects or supply goods and services. Asset Financing: To help you or your business to acquire assets such as a personal car or light duty commercial vehicles, tractors, plant and machinery for light industries. Import and export financing: To facilitate your export and import business by accommodating any funding gaps in your trade cycle. Insurance Premium Financing: To allow you to pay insurance premiums. c. Soko Cash A quick source of working capital for market traders to take advantage of opportunities that arise in their operation. Benefits Easy application process Quick working capital boost Convenient repayment terms Affordable interest rate Quick loan processing d. Milango Biashara Kem-Kem loan This product will take care of all business related financial need of their clients. Loan Limits : 3,000- 300,000 Loan Term : 1 Year Interest : 2% per month Fees : 2% set up, 2% insurance, Ks 150 per loan for lawyer fees, 500 Chattel Fee for Loans above 100,000, and Ks 100 for Post Election Violence (PEV) Note : all first loans are payable in 6 months Product Benefits Quick and Reliable Service Grace Period Secure Savings Competitive Interest Rates: the client can register his/her loan for at least six (6) months and so interest is charged on the registered loan period only Loan Flexibility: the client can choose to pay his/her loan weekly or monthly (upfront/prepayments) depending on the nature of the business and the business season Additional Loan: a client can access an additional loan (other than business loan) upon 50% payment of the loan Barclays Bank business loans Barclays bank offers the following business loans: a. Unsecured loan You can borrow up to Ks 2,000,000 unsecured. Simplified application process. Dedicated team to process your application quickly. One-off arrangement fee. Monthly repayments can be made over a 1 to 3 year period. b. Secured Loan The loan amount is based on the serviceability of the loan or the ability to repay. Simplified application process. Dedicated team to process your application quickly. One-off arrangement fee. Monthly repayments can be made over a 1 to 5 year periodhttps://kenyaloans.com/student-loans/https://kenyaloans.com/student-loans/Sat, 22 Dec 2012 08:41:55 +0000A student loan is a unique type of loan designed to help students pay for their university tuition fees, books, and living expenses. This differs from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in education. Student loans vary in many countries in the strict laws regulating renegotiating and bankruptcy in those countries. Examples of student loans in Kenya KCB Masomo Loan , the first of its kind in Kenya, is the product of a partnership between the bank and Higher Education Loans Board (HELB) targeting those pursuing undergraduate and post graduate studies in accredited universities in Kenya. It is aimed to enable working class students undertaking graduate courses in all private and public universities, the product will enable them borrow up to KS 300,000. The Higher Education Loan Board (HELB) of Kenya was established on July 21, 1995 through the Kenya Gazette Supplement to help undergraduate, graduate and post-graduate Kenyan students continue their educations. Loans are offered to students who are unable to finance their schooling Banks avail loans to assist students or parents to pay for education. The loans are not a preserve of the SACCO but are also available in the banks. Apart from the school fee schemes by the banks, the banks are becoming more innovative and are partnering with education institutions to avail the loans. Many banks in Kenya today offer bank students loans and they include, Kenya commercial bank, Cooperative bank of Kenya, Equity Bank and other banks in Kenya.https://kenyaloans.com/finance-loan/https://kenyaloans.com/finance-loan/Thu, 20 Dec 2012 09:41:59 +0000A finance loan is a short to medium term loan granted to customers for purchase of moveable capital assets, mainly Motor Vehicles, construction equipment, industrial plant & machinery, agricultural equipment, Office & IT based equipment and specialized working equipments. Apply for a Business Loan Examples of finance loans in Kenya KCB Boresha Biashara Loan is designed to finance Micro and Small Entrepreneurs who require working or investment capital to Boresha their businesses. The security requirements are very flexible for example chattels such as household items, shares and business stock making easy for one to get access to financial credit to take their business to the next level. The KCB Boresha loan is affordable and has no hidden charges. Co-op bank finance loan gives you the flexibility to finance your moveable assets without tying up any other property or assets as collateral. This is because the asset being financed becomes the security. Co-op Asset Finance frees up your cash and helps you acquire your much needed assets with minimum fuss while paying for the asset in easy monthly rentals of up to 48 months. With the asset generating income for you, it practically pays for itself. With this loan one automatically qualifies for insurance premium financing under Co-op Insurance Finance product. The benefits are: Competitive pricing in both local and foreign currency. Flexible repayment period of up to 48 months. Financing of all types of moveable assets such as laptops, computers, printers, saloon cars, pickups, tractors, prime movers, school buses, generators, medical equipment and many more. Financing of both new and second-hand assets. Insurance premium financing for the assets purchased with the option of renewing it periodically over the duration of the facility and beyond. Automatic reminders of insurance expiry. The Fina Asset Finance product has been designed to help people acquire movable and capital assets and use them as security for the facility. It allows one to borrow from Ks 300,000 and the loan covers anything between 70% to 90% of total project costs. Security is the existing or acquired personal or business assets owned by the applicant or by the Third Party (Insured for the term of the loan) and Corporate and personal guarantees of business owner(s). The interest on the loan is charged on reducing principal balance and is repayed in equal Monthly Installments of up to 3 months initial interest only period if required. Their are up to 60 months, repayment in equal installments with interest charged on declining balance.https://kenyaloans.com/loan-calculator/https://kenyaloans.com/loan-calculator/Mon, 17 Dec 2012 10:34:14 +0000This is a free loan calculator that allows one to calculate and break down monthly repayment figures for a secured or unsecured loan. We start by choosing the loan amount, the annual interest rate (percentage), the number of years and any initial deposits or end-of-term balloon payments. (A balloon payment is a large, lump-sum payment made at the end of a long-term loan. It is commonly used in car loans as a way of reducing monthly repayment figures.) How does a loan get calculated? In general, a monthly loan payment is calculated by dividing the interest rate by 12 and then multiplying that number by the principal. The equation is M = (I/12) * P , using the following definitions: M = monthly payment I = interest rate P = principal For example, if Ks 100,000 is borrowed for 30 years at a 5 percent fixed interest rate, the equation would look like this: M = (.05/12) * 100,000, so the monthly payment on principal and interest would be Ks 416.67 per month. Other fees, as mentioned above (insurance and taxes), may be added to this number to come up with the final monthly payment. Note that in the above equation, interest on the loan does not compound.https://kenyaloans.com/commercial-loans/https://kenyaloans.com/commercial-loans/Thu, 13 Dec 2012 10:42:03 +0000A commercial loan is a debt-based funding arrangement that a business can set up with a financial institution. The proceeds of commercial loans may be used to fund large capital expenditures and/or operations that a business may otherwise be unable to afford. Examples of commercial loans in Kenya Commercial Construction Loans Finance Factors offers a mortgage loan to construct improvements for small commercial developments such as apartment buildings, warehouses and shopping malls. Benefits 1. Affordable interest only payments during construction. 2. Monthly payments based on actual drawn balance so you only pay for the amount you’re actually using. 3. Flexible terms provide sufficient time to complete construction. 4. Loan can be used to purchase land and finance construction. 5. One-time application and closing for construction and permanent financing. 6. Competitive fixed and adjustable rate mortgage terms. Development Loans for Residential Projects Small or large residential subdivision loans are available to developers. Finance Factors provides developers with one loan to complete the infrastructure and to build out homes in the subdivision. Benefits 1. Customized loan structure to meet your specific needs. 2. Permanent takeout financing is available. 3. Experienced commercial loan officers are responsive to your needs and provide financing solutions. 4. Competitive pricing. Loans on Income Properties This is used to purchase or refinance a mortgage on income producing properties such as apartment buildings, warehouses, commercial office and retail buildings and shopping malls. Benefits 1. Fixed rate and adjustable loan rates. 2. Flexible underwriting. 3. Knowledgeable and experienced commercial loan officers. Apply for a Business Loanhttps://kenyaloans.com/equity-loan/https://kenyaloans.com/equity-loan/Mon, 10 Dec 2012 09:04:47 +0000An equity loan is a mortgage loan in which the borrower receives money. Typically the loan is secured by real estate already owned through it. Examples of equity loans in Kenya Savings and Loan (S&L) is a wholly owned subsidiary of KCB and is the oldest mortgage finance company in Kenya. They have a range of investment and mortgage products that suits all Kenyans even those abroad. Barclays bank mortgages. Here the beneficiary of the mortgage finances up to 90% of the cost of the home they choose to buy, but Barclays bank guides them carefully through the whole process. It has very competitive interest rates and it’s easy to work out and start owning a house. Housing Finance is the leading mortgage finance institution in Kenya. For over forty years, Housing Finance has been “turning dreams into homes” for thousands of Kenyan families and housing developers. Mainly by providing easy access to mortgage finance and by enabling clients to save money as they build, buy and own their homes.